JP Morgan Kicks Off Earnings Season, Intel And AMD China Problem, Potential Iranian Attack
Portfolio Pulse from The Arora Report
JP Morgan reported better-than-expected earnings but with a guidance slightly less than expected, leading to a temporary break in its rising trendline. Citigroup and Wells Fargo also reported earnings, with Citigroup's restructuring showing positive signs. Intel and AMD face challenges in China as telecom carriers are instructed to stop using their chips. Early trade money flows are neutral for Amazon, negative for Apple, Alphabet, Meta, Microsoft, NVIDIA, Tesla, SPDR S&P 500 ETF, and Invesco QQQ Trust. Gold and oil futures rose on reports of a potential Iranian attack, affecting related ETFs like SPDR Gold Trust and United States Oil ETF.
April 12, 2024 | 3:01 pm
News sentiment analysis
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NEGATIVE IMPACT
AMD is impacted by China's directive to telecom carriers to cease using its chips, posing new market challenges.
The directive from China presents a significant hurdle for AMD, likely leading to a negative short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Intel faces new challenges in China as telecom carriers are instructed to stop using its chips.
China's move against Intel's chips could negatively impact its business and stock price in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
JP Morgan reported better-than-expected earnings but with a slightly disappointing guidance, causing a temporary break in its rising trendline.
Despite beating earnings, the guidance and the break in the rising trendline suggest a potential short-term negative impact on JPM's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Wells Fargo reported earnings better than the consensus but less than the whisper numbers.
The mixed earnings report from Wells Fargo, beating consensus but not whisper numbers, suggests a neutral short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Citigroup reported earnings better than consensus and whisper numbers, indicating positive signs from its restructuring efforts.
Citigroup's better-than-expected earnings and successful restructuring efforts are likely to have a positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Gold futures crossed $2400 on reports of a potential Iranian attack, affecting the SPDR Gold Trust ETF.
The surge in gold prices, driven by geopolitical tensions, is likely to have a positive short-term impact on GLD's value.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Oil futures jump on intelligence reports of a potential Iranian attack, influencing the United States Oil ETF.
The increase in oil prices due to potential geopolitical tensions is expected to positively impact USO's short-term price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80